Alibaba (BABA) Q1 Earnings Beat Estimates, Revenues Rise Y/Y

Alibaba Group Holding Limited (BABA) reported first-quarter fiscal 2025 non-GAAP earnings of $2.26 per ADS (RMB 16.44), which beat the Zacks Consensus Estimate by 2.7%. The figure decreased 5% from the year-ago quarter in RMB terms.Revenues of RMB 243.24 billion ($33.47 billion) rose 4% from the year-ago quarter. The figure missed the Zacks Consensus Estimate of $34.95 billion.The top-line increase was driven by solid momentum across the international commerce retail and wholesale businesses. Strength acros ...